Market Insight

Market Roundup

Hong Kong stocks performed well today, with the Hang Seng Index opening 168 points higher at 16,679 points. The day's gain expanded to 317 points, or 1.9%, to 16,829 points; the HSCEI Index rose 123 points, or 2.1%, to 5,954 points; the Hang Seng Technology Index rose 113 points or 3.4%, at 3,449 points. The total daily turnover of the market was HK$116 billion. Heavyweight technology stocks led the market upward, with Meituan (3690), Tencent (700) and Alibaba (3690) rising 7.9%, 3.7% and 2% respectively. As for automobile stocks, Li Auto (2015) rebounds and rose 0.9% to HK$98.35.

Source: KGI Asia Investment Strategy

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